STANDARD OR COMPREHENSIVE COVER
During a time of grief the last thing you want to think about is money. Unfortunately, many people have to face this added financial burden, mainly due to poor planning. Added to this problem is the fact that funerals are becoming more expensive, while payment is often demanded immediately - and in cash. This prevents people from providing loved ones with the dignified funeral they deserve.
FUNERAL SAVINGS PLAN
Old Mutual offers a Funeral Savings Plan which may be taken out on it's own or with any one of their range of products.
If you or a family member dies, a lump sum equivalent to the amount of savings in your policy at the time of death, will be available to you or your family. You may choose to claim all the money or part of the available funds. Affordable monthly contributions from as little as R70.00 per month.
Added protection at no extra cost : If you die or become disabled during the first ten years of taking out your policy, Old Mutual will continue to pay your contributions for the balance of the first ten years on your behalf. This ensures that you or your family members will receive a dignified funeral.
This benefit is available immediately if you die or become disabled due to an accident, and after six months if death / disability is due to natural causes.
FUNERAL SUPPORT BENEFIT
When a relative dies, transporting the body, dealing with the necessary documentation and accompanying the body to the place of burial can be very stressful. The costs involved in such a situation are enormous and could leave you with less money for the actual funeral.
To assist our policyholders during this difficult time, Old Mutual Group Schemes, in association with Funerary Management Services (FMS), includes the Funeral Support Benefit on your Funeral Plan policy.
Should the life assured die away from home FMS will transport the deceased by road or air to the place of burial in South Africa from anywhere in South Africa, Lesotho, Swaziland, Zimbabwe, Botswana, Namibia or Mozambique.